Updated about 1 year ago on . Most recent reply
Duplex to Triplex
Investment Info:
Small multi-family (2-4 units) wholesale investment in New York City.
Purchase price: $525,000
Sale price: $525,000
Project Overview: Duplex to Triplex Conversion for Long-Term Rental
In this real estate investment project, I assisted a client in purchasing a duplex and transforming it into a profitable triplex. Leveraging my expertise in property acquisition and renovation, I guided the client through each step—from identifying the ideal property and negotiating the purchase to overseeing the conversion process.
The conversion involved reconfiguring the existing layout to add an additional rental unit, ensuring compliance with local building codes, and maximizing space efficiency. Once the renovation was complete, I helped the client with tenant acquisition and long-term rental management, turning the upgraded property into a sustainable income-generating asset.
This project not only increased the property's value and rental income potential but also provided the client with a solid, long-term investment in the real estate market.
